Congratulations to our client, SK hynix Inc., on its successful Nasdaq listing (NASDAQ: SKHYV) on 10 July 2026. The US$26.5 billion ADR offering ranks among the largest equity offerings ever completed globally and stands as the largest U.S. listing by a foreign company.
DFIN was proud to support this landmark cross-border transaction through its U.S. listing solutions, supporting disclosure management, SEC compliance and filing requirements throughout the transaction.
The offering surpassed the previous record of US$25 billion raised by Alibaba Group (NYSE: BABA) in 2014, a transaction also supported by DFIN, reflecting our longstanding experience supporting major cross-border listings in the U.S. capital markets.
“SK hynix's Nasdaq listing represents another significant milestone in the evolution of the global capital markets. DFIN is proud to have supported both this transaction and Alibaba's landmark U.S. listing in 2014, reflecting our longstanding experience helping foreign issuers navigate complex disclosure, compliance and transaction execution requirements in the U.S. market.”
Deal Highlights
- SK hynix Inc. (KRX: 000660), already listed on the Korea Exchange, completed a secondary U.S. listing through an American Depositary Receipt (ADR) offering on the Nasdaq Global Select Market.
- The offering raised US$26.5 billion, making it one of the largest equity offerings ever completed globally and the largest U.S. listing by a foreign company.
- The transaction was led by Bank of America, Citigroup, Goldman Sachs and J.P. Morgan.
- DFIN was proud to support this landmark transaction through its U.S. listing solutions, facilitating disclosure document drafting and management, SEC compliance support and SEC filing services to enable the successful execution of this cross-border listing.
About SK hynix
SK hynix is a South Korea-based semiconductor company and one of the world's leading manufacturers of memory chips, including DRAM and NAND flash products.
The company is a key supplier of high-bandwidth memory used in artificial intelligence and data centre applications, serving global customers across the technology ecosystem.
With operations spanning major markets globally, SK hynix continues to develop advanced memory solutions to support the growing demand for data-intensive computing and AI-driven innovation.
Learn more about SK hynix: https://www.skhynix.com/
DFIN U.S. IPO and Public Listing Solutions
Executing a cross-border U.S. listing requires robust disclosure management, execution precision and close coordination between issuer teams and key stakeholders. Throughout SK Hynix's Nasdaq listing, DFIN supported the transaction team in the following areas:
- Secure Disclosure & Collaboration
Structured workflows supported controlled access, version management and efficient collaboration between issuer teams and their legal and financial advisers throughout the transaction. - Document Control & SEC Filing Support
Centralised document management supported the preparation, review and submission of disclosure materials, including U.S. SEC filings, helping maintain consistency and accuracy throughout the process. - SEC Disclosure Compliance Guidance
DFIN's experience supporting complex cross-border U.S. listings and SEC requirements helped facilitate efficient execution and adherence to disclosure standards.
From IPO readiness to public listing, DFIN helps companies approach the path to public markets with confidence—delivering the technology, expertise and reliability required when accuracy and execution matter most.
Discover how DFIN's IPO solutions, ActiveDisclosure® and Venue® Virtual Data Room can empower your next milestone, or get in touch today for further information.
